Give it to Me Baby is a store that features memorabilia from the 1980s.On estimated net sales of $92,500 next year,the owner of Give it to Me Baby has a gross cost of goods sold of $48,000.Their maintained markup percentage should be:
A) 42.0 percent
B) 48.11 percent
C) 53.6 percent
D) 92.71 percent
E) 21.52 percent

Question

Quizplus · Accepted Answer

$92,500 - $48,000 = $44,500/$92,500 = 48.11%

Give It to Me Baby Is a Store That Features